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Astana International Exchange and Nasdaq Dubai form alliance

09 July 2019

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Source: Astana International Exchange

Astana International Exchange (AIX) and Nasdaq Dubai in Kazakhstan have signed an agreement to establish a close operational relationship between the central securities depositories (CSDs) of both markets.

Tim Bennett, CEO of AIX, said: “Our agreement with Nasdaq Dubai is a significant step in the continued opening of Kazakhstan and its companies to foreign investment. Since going live in November last year, AIX has been focusing on building our reach with international investors. Our agreement with Nasdaq Dubai is a key milestone in that effort.”

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “As Kazakhstan’s dynamic companies increasingly look abroad for investment, Nasdaq Dubai can provide them with access to a large pool of international and regional investors. Our agreement with AIX promotes cross-border economic growth and wealth creation for Kazakhstan, the UAE and other countries by opening new financial channels for diverse market participants.”